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Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers
Indian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging facility. Power Finance Corp is leading the charge with a planned $500 million sale, marking a significant move for non-bank lenders. State-run Bank of Baroda and private lender Axis Bank are also set to tap dollar markets, anticipating strong investor interest in these infrequent offerings.
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economictimes.indiatimes.com
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move…
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newsbytesapp.com
SBI, Axis Bank among lenders set to raise $2B overseas
Major lenders like SBI and Axis Bank plan to raise over $2 billion overseas, leveraging RBI's 1.5% fixed-rate swap incentive to strengthen the rupee.
